U.K. service sector expands the most in five months

Service sector in the U.K. accelerated at the fastest pace in a five-month period in February supported with a notable increase of new businesses, the Markit Economics reported on Tuesday, bringing a sign of the country's economic revival. The Chartered Institute of Purchasing & Supply (CIPS) Purchasing Managers' Index for the service sector advanced from January's 51.5 points to 51.8 in February.